Volume & Issue no: Volume 10, Issue 2, February 2021
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Title: |
A Study on Assessment the Incomes and Investment behavior of Muslim Salaried People in Mumbai City |
Author Name: |
Dr. Arvind S. Luhar, Dr. Shama Shah, Ms. Navsin Mistry |
Abstract: |
Islamic venture depends on standard of benefit and misfortune sharing. The benefit and misfortune
sharing standard permits the monetary organizations to acquire a profit for contributed reserves,
given that the monetary foundations share the danger of venture and causes the misfortune if the
speculation comes up short. It is the obligation of each Muslim to discover a Shariah based venture
that sticks to rules and guidelines depicted in the Quran. The fundamental advantage of Shariah based
speculation is that it urges individuals to put resources into a socially capable way. They are
encouraged to abstain from putting resources into businesses that advance liquor, smoking, erotic
entertainment, etc. It is likewise against the Shariah law, to put resources into organizations that get
their benefit essentially from premium, club and betting, pork, supporting in silver and gold,
customary protection and monetary administrations that produce their pay from interest. Islamic
monetary market is the guideline of restriction of premium. It is considered as unlawful. In the Islamic
phrasing; interest signifies "easy benefit or benefit that builds the chief sum without investing any
energy". Any foreordained installment well beyond the genuine measure of chief is restricted. Interest
is carefully prohibited in Islam. Muslim speculators required a premium free monetary market and as
an impact of this need Islamic monetary market arose as a scholastic control receiving Shariah based
monetary techniques for application in the Islamic monetary market. The reason for this paper is to
evaluate the livelihoods and venture conduct of Muslim salaried individuals in Mumbai city. A study
poll is disseminated to 400 Muslim respondents utilizing helpful examining method as the fundamental
examination. The examination discoveries legitimize further refinement and show that the overview
instrument is suitable in a more extensive investigation of a delegate test of the Islamic venture
conduct of Muslim salaried individuals. |
Cite this article: |
Dr. Arvind S. Luhar, Dr. Shama Shah, Ms. Navsin Mistry , "
A Study on Assessment the Incomes and Investment behavior of Muslim Salaried People in Mumbai City" , International Journal of Application or Innovation in Engineering & Management (IJAIEM) ,
Volume 10, Issue 2, February 2021 , pp.
010-020 , ISSN 2319 - 4847.
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